Mon, Oct. 26, 7:47 AM
- Q3 revenue from mortgage products to $44.2M up 19% from Q2, up 38% Y/Y. Revenue from non-mortgage products of $25.6M up 43% and 175%, respectively. Non-mortgage made up 37% of total revenue vs. 23% a year ago.
- Selling and Marketing expense of $48.9M up 33% Q/Q, and 80% Y/Y. Variable marketing margin as a percent of revenue of 35% vs. 39% and 40% respectively.
- Net income from continuing operations of $7.4M up 16% Q/Q and 1,133% Y/Y. EPS of $0.59 vs. $0.52 and $0.05. Adjusted net income per share of $0.79 up 25% Q/Q and 93% Y/Y.
- Full-year revenue is now expected at $244M-$247M, up 46-48% from 2014, and vs. previous guidance of $225M-$230M. Adjusted EBITDA is expected at $38.3M-$38.8M vs. previous guidance of $35M-$36M.
- 2016 full-year revenue is expected to be $315M-$320M, with adjusted EBITDA of $50M-$52M.
- Conference call at 8 ET
- Source: Press release
- TREE +13.3% premarket
Mon, Oct. 26, 7:07 AM
Tue, Aug. 4, 10:38 AM
- Q2 adjusted net income of $7.8M or $0.63 per share vs. $4.6M and $0.39 one year ago.
- Mortgage products revenue of $37.2M up 7% Y/Y. Non-mortgage products revenue of $17.9M up 139% - includes personal loans of $11.6M up nearly 4x Y/Y and 46% from Q1. Non-mortgage revenue now accounts for 32% of all revenue, up from 27% last quarter, and 18% a year ago.
- Variable marketing margin of $21.4M up 35% Y/Y; as a percent of revenue of 39% vs. 38% a year ago.
- Full-year revenue guidance of $225M-$230M up from previous guidance of $202M-$208M. Variable marketing margin up $86M-$89M up from $78M-$82M. Adjusted EBITDA of $35M-$36M up from $30M-$31M.
- Previously: LendingTree beats by $0.19, beats on revenue (Aug. 3)
- TREE +38%
Mon, Aug. 3, 4:05 PM
Thu, Apr. 30, 9:02 AM
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LendingTree Inc is an online lender exchange that connects consumers with lenders, and provides online tools to aid consumers in their financial divisions. It provides services such as mortgages, refinance loans, home equity loans, and among others.
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